According to Kafalat, the number of loan guarantees dropped from 257 guarantees by July 2018 to 42 loans by July 2019. It followed that the total value of issued loan guarantees slumped from $33.6M by July 2018 to stand at $4.7M by July 2019.
In the first 7 months of 2019, most Kafalat guarantees were granted to the Industrial, Agricultural and Tourism sectors, which respectively grasped 38.1%, 31% and 23.8% of the total guarantees. Nevertheless, the number of loan guarantees to the 3 top sectors of industrial, agricultural and tourism was slashed from 98, 94, and 52 issued guarantees by July 2018 to 16, 13, and 10 loan guarantees by July 2019.
On a regional level, Mount Lebanon grasped the largest number of Kafalat guarantees which totaled 50% of total loan guarantees, followed by 28.57% and 9.52% in the Bekaa and Beirut, respectively. However, the total number of guarantees to these regions also slipped from 112, 44, and 22 in Mount Lebanon, the Bekaa and Beirut by July 2018 to 21, 12, and 4 guarantees by July 2019, respectively.
Value of Kafalat Guarantees Issued by July (in $M)
Source: Kafalat